The Global Metal Recycling Market size was USD 229.12 Billion in 2021 and is expected to register a revenue CAGR of 5.3% over the forecast period, according to the latest report by Reports and Data.
The process of converting unwanted metal into valuable items is known as metal recycling. Metal recycling has the advantage of being able to be done repeatedly without losing any of its original qualities. As a rising number of companies and individuals appreciate the importance of metal recycling, an increasing amount of scrap metal is finding its way through the recycling process in recent years. Because of technical developments and greater efforts in recyclable item collecting, many types of metal, particularly aluminium and steel, are now recycled.
According to study, metal raw material consumption will soar in the future years. To fulfil industrial demand, aluminium alone will require 360 million metric tonnes of raw material over the next 20 years. Above all, the availability of light metals is critical for crucial businesses of the future, such as the Electric Vehicle (EV) industry. Furthermore, in the age of climate change, recycling metals is becoming increasingly vital and offers enormous economic prospects. Recycling rare metals from electronic trash is thirteen times cheaper than mining for them, according to the American Chemical Society. Furthermore, the market's revenue is being driven by increased demand for metals in different end-use sectors such as electronics, automotive, and construction.
Get a sample of the report: @ https://www.reportsanddata.com/download-free-sample/2927
Market Overview:
A rapidly increasing global population, a significant increase in consumer goods demand worldwide, increased development of advanced and environmentally friendly packaging materials, a focus on reducing carbon emissions, and the introduction of environmentally sustainable packaging solutions all play a key role in driving revenue growth in the global packaging industry. Retail e-commerce, food beverage, consumer electronics, pharmaceutical, and others are among the industries that are requiring environmentally sustainable packaging solutions. Increasing research development activities for advanced and environmentally sustainable packaging techniques, rapid growth of the manufacturing industry, increasing imports and exports of consumer goods around the world, and increases in government investment in the transportation and logistics industry are some of the major factors contributing to the growth of the global packaging industry. The development of cold chain logistics infrastructure and technological advances are also major factors driving growth in the global packaging market. It is projected that the Metal Recycling market will reach USD XX billion in 2030, registering a strong revenue CAGR of XX%.
Some of the Leading Market Players Are Listed Below:
- Nucor Corporation,
- Norsk Hydro ASA,
- Kimmel Scrap Iron Metal Co., Inc.,
- Schnitzer Steel Industries, Inc.,
- European Metal Recycling Ltd.,
- Sims Limited, Tata Steel,
- Aurubis AG,
- TOTALL Metal Recycling, Inc.,
- Commercial Metals Company (CMC).
Purchase Premium Report: @ https://www.reportsanddata.com/report-pricing/2927
The Global Metal Recycling Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentation:
By Type Outlook
- Ferrous
- Non-Ferrous
By Equipment Outlook
- Shears
- Shredders
- Briquetting Machines
- Granulating Machines
- Others
By Scrap Outlook
- Old Scrap
- New Scrap
By Application Outlook
- Automotive
- Packaging
- Building and Construction
- Shipbuilding
- Equipment Manufacturing
- Consumer Appliance
- Others
Some Points on How the Report Benefits Readers:
- Deep-dive analysis of the key drivers, opportunities, and restraints.
- Qualitative and quantitative analyses of the global Metal Recycling market.
- Comprehensive analysis of the key regional markets and their respective revenue CAGRs.
- Precise evaluation of each regional market’s production consumption capacities.
- An overview of the highly competitive environment of the Metal Recycling industry and company overviews.
- Focus on the key strategies implemented by the key market players, such as partnerships, collaborations, acquisitions, new product launches, and various other strategies.
Table of Contents (ToC) – Global Metal Recycling Market
Chapter 1. Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2023-2030
Chapter 3. Key Insights
Chapter 4. Global Pharma Healthcare Market Segmentation
4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
Request customization of the report @ https://www.reportsanddata.com/request-customization-form/2927
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
Explore Trending Research Reports by Reports and Data:
Potato Processing Market: https://www.reportsanddata.com/report-detail/potato-processing-market
Powdered Foaming Coffee Creamer Market: https://www.reportsanddata.com/report-detail/powdered-foaming-coffee-creamer-market
Powdered Foaming Creamer Market: https://www.reportsanddata.com/report-detail/powdered-foaming-creamer-market
Power Bank Market: https://www.reportsanddata.com/report-detail/power-bank-market
Power Tools Market: https://www.reportsanddata.com/report-detail/power-tools-market
Prebiotics Market: https://www.reportsanddata.com/report-detail/prebiotics-market
Precast Concrete Market: https://www.reportsanddata.com/report-detail/precast-concrete-market
Precision Farming Market: https://www.reportsanddata.com/report-detail/global-precision-farming-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Blog: https://www.reportsanddata.com/blogs
